First Horizon Advisors Inc. Trims Stake in National Grid plc (NYSE:NGG)

First Horizon Advisors Inc. reduced its position in shares of National Grid plc (NYSE:NGG) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,077 shares of the utilities provider’s stock after selling 211 shares during the quarter. First Horizon Advisors Inc.’s holdings in National Grid were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in National Grid during the 3rd quarter valued at $37,000. Eastern Bank boosted its position in National Grid by 52.7% during the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 320 shares in the last quarter. Quantbot Technologies LP bought a new stake in National Grid during the 3rd quarter valued at $60,000. Addison Advisors LLC boosted its position in National Grid by 267.9% during the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in National Grid by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 224 shares in the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Trading Down 1.7 %

National Grid stock opened at $61.50 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The business has a fifty day moving average price of $60.12 and a 200-day moving average price of $63.54.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NGG. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

National Grid Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.